Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for TILRAY INC. CLASS 2 COMMON STOCK (TLRY) for the 4-Jun-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. TLRY was recently trading at $20.83 and has an implied volatility of 209.74% for this period. Based on an analysis of the options available for TLRY expiring on 4-Jun-2021, there is a 34.16% likelihood that the underlying will close within the analyzed range of $20.83-$23.68 at expiration. In this scenario, the average linear return for the trade would be 180.94%. Big 9.63% Change: After closing the last trading session at $19.00, TILRAY INC. CLASS 2 COMMON STOCK opened today at $20.66 and has reached a high of $22.14. Trade approach: A movement as big as 9.63% is a significantly bullish indicator, so this trade is designed to be profitable if TLRY maintains its current direction and does not revert back to pricing on the bearish side of $20.83 on 4-Jun-2021. If possible, the trade has been padded such that slight movement against the trade would still return a profit. Upside potential: Using this bullish strategy, the trade would be profitable if TILRAY INC. CLASS 2 COMMON STOCK closes at or above $20.82 on 4-Jun-2021. Based on our risk-neutral analysis, there is a 50.13% likelihood of this return. Downside risk: As with any options trade, there is a substantial downside risk where you may lose most or all of your investment. To analyze this trade in depth, please visit the Quantcha Options Search Engine.